AI will boost economy and create demand

China will be among the biggest beneficiaries of "artificial intelligence" technology, a new report revealed on Tuesday.

PricewaterhouseCoopers, the multinational consultancy company, forecasts that AI development will contribute $15.7 trillion to the global economy in 2030.

The PwC report predicted that global GDP will be 14 percent higher in 2030 as AI is widely used to boost labor productivity and increase consumer demand for technology-inspired products.